Cushman & Wakefield RETHINKING: The Shape Of Real Estate 2040

SENIORS HOUSING

SENIORS HOUSING FLOORSPACE FORECAST

INDEX (2023 = 100)

The UK population is ageing. There are an estimated 12.9 million over 65s today, and this is expected to increase to 16.9 million by 2040. There is a well-documented shortfall of age-appropriate homes in the UK and this is only going to get worse. The delivery of seniors housing needs to increase – it is essential if older people are to live healthier and happier lives for longer. Increasing the number of age-appropriate homes will help relieve some of the pressure an already struggling health, social care and housing system is set to face. BY 2040, SENIORS HOUSING SHOULD INCREASE BY 171.3% IF WE ARE TO MEET THE DEMANDS OF OUR AGEING POPULATION.

300

250

200

FORECAST B

150

100

FORECAST A

SENIORS HOUSING

50

2012

2015

2020

2025

2030

2035

2040

CAGR

TOTAL

VOLUME CHANGE

2014-23

2023-40

2014-23

2023-40

2014-23

2023-40

SENIORS HOUSING - A SENIORS HOUSING - B

1.1%

0.7%

12.9%

1.5%

47.3M SQ FT

457.7M SQ FT

1.1%

6.0%

12.9%

171.3%

47.3M SQ FT

709.3M SQ FT

RETHINKING: THE SHAPE OF REAL ESTATE IN THE UK

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CUSHMAN & WAKEFIELD

SEN